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  • HOUSTON, May 12- Argentina aims to stop importing light crude this year while increasing domestic refining operations, Energy Minister Juan Jose Aranguren said on Thursday. President Mauricio Macri promises to increase investment in the energy sector, particularly in renewable energy and the sprawling Vaca Muerta shale formation in Patagonia, as part of...

  • *Denmark to maintain 50.1 percent stake. COPENHAGEN, May 12- Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has...

  • *Electricity generation improving as new plants come online. CAPE TOWN, May 12- South Africa's power utility Eskom does not expect to implement electricity cuts for the rest of the financial year which started in April, its chief executive said on Thursday. Eskom, which is battling an electricity shortage, was forced to implement electricity blackouts, or "load...

  • MILAN, May 12- Italian oil major Eni, which has historically invested little in renewable energy given its strong track record in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt. In Italy alone, Eni said on Thursday it expects to build more than 220 megawatts of solar power capacity in regions including Liguria, Sardinia,...

  • Aviation Industry Corporation of China, China's biggest state-owned aerospace and defence company, has used the strategy twice, while state-owned China National Building Materials Group Co, a state-owned building products company, successfully used it in a case involving allegations that Chinese-made drywall led to health problems for U.S. homeowners.

  • Since March, however, six publicly traded energy producers have filed for bankruptcy and five of them opted to file in Houston. The latest was Houston- based Linn Energy LLC, which filed on Wednesday. More companies began to file in Houston after the court adopted a work order that aimed to expedite large cases by directing them to two of its six judges: Martin Isgur...

  • Meanwhile, the premier of the province of Alberta and the head of the Canadian Red Cross announced that residents of Fort McMurray, the oil-boom town that was evacuated last week because of the fire, would be offered direct financial aid. Smith said they would be flown to Suncor's Firebag site, about 120 km north of Fort McMurray, and transported by bus to the base...

  • FORT MCMURRAY/ LAC LA BICHE, Alberta, May 11- R econstructing Fort McMurray will be easier than first feared since much of the city's critical infrastructure remains intact but the once booming oil town will be smaller than before, according to its mayor. Fort McMurray Mayor Melissa Blake said the fire is a chance to "right size" the city after the energy slump left it...

  • JAKARTA, May 11- Indonesia's state-owned aluminum producer PT Indonesia Asahan Aluminium plans to increase its output to 500,000 tonnes a year by 2020 from its current production level of 260,000 tonnes, said Dante Sinaga, who heads the firm's coal power station development project.

  • FORT MCMURRAY, Alberta, May 10- Oil sands companies around wildfire-hit Fort McMurray hoped to resume production on Tuesday after an initial inspection found the Canadian boomtown was less severely damaged than first feared. Royal Dutch Shell Plc resumed production at its operation in the center of Canada's oil sands region, while Enbridge Inc began...

  • LONDON, May 10- Nissan is to launch a trial this year to allow electric car owners in Britain to sell electricity back to the National Grid and potentially make money in the process. Major car makers are investing heavily in electric cars and in Europe many countries have incentive schemes to get more people to buy them, including Norway, the Netherlands, France and...

  • CARACAS, May 9- Venezuela's socialist government has extended a two-day workweek for public sector employees for another two weeks because of a drought that has sapped hydroelectric power generation in the OPEC country. Maduro's rivals have called the shortened workweek foolhardy, arguing that sending employees home will not solve the power crunch and...

  • Revenue from the company's power plant business decreased 23.5 percent to $180.8 million in the first quarter ended April 3. The net loss attributable to shareholders widened to $85.4 million, or 62 cents per share, from $9.6 million, or 7 cents per share, a year earlier. Excluding items, SunPower lost 30 cents per share, while analysts on average expected a loss of...

  • CAIRO, May 5- Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5- 2 billion euros in the next two years from 730 million currently, said Bakr Abdel-Wahab, its managing director of infrastructure private equity. EFG-Hermes, one of the Middle East's largest investment banks, has a renewable energy portfolio...

  • WASHINGTON, May 4- Dynegy Inc will shut down three coal-fired units at two Illinois power plants because they are no longer economical in the Midwestern U.S. power market, the Houston- based electric utility said on Wednesday. Environmental group the Sierra Club said Dynegy's announcement on Wednesday pushed the United States to a milestone of shuttering more...

  • LONDON, May 4- In November 2013 bosses from nine of China's largest copper smelters sat down over a weekend to discuss the state of the local market. They did so because they had lost faith in the official copper production figures released by the National Bureau of Statistics. The NBS had just reported record output in the month of October, equivalent to an...

  • Duke said its plans to sell its international business- which spans Brazil, Argentina and Chile- is in the preliminary phases, while it expects to close its acquisition of Piedmont Natural Gas Co by the end of the year. The North Carolina- based company said it is on track to achieve its 2016 adjusted earnings target of $4.50- $4.70 per share. Net income attributable...

  • OSLO, May 3- Norway's $872- billion sovereign wealth fund, the world's largest, said it would press U.S. oil majors ExxonMobil and Chevron to do more to report on the risks of climate change. "We want them to be open about their climate strategy and their dialogue with regulators," the fund's chief executive Yngve Slyngstad told reporters. The fund, itself built from...

  • PARIS, May 3- General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its takeover of the energy assets of French Alstom, GE in November 2015 created a global renewable energy business unit with sales of 9 billion...

  • The company said adjusted income in the regulated utilities business fell 10.2 percent to $695 million in the first quarter ended March 31. The North Carolina- based company said it is on track to achieve its 2016 adjusted earnings target of $4.50- $4.70 per share. Net income attributable to Duke fell to $694 million, or $1.01 per share, in the first quarter ended...